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Search Results 0 to 8 of about 9 (some duplicates have been removed)
Sep 26, 2012 4:30pm PDT
: but builder steve subkowiak says a buyer snatched up the $1.5 million home long before workers painted the walls and began installing fixtures. the new owners move in next month. >> i think a lot of people are looking at interest rates and land costs and saying hey if i wanto buy a new house thiss a great time. >> reporter: with historically low mortgage rates, business is beginning to boom for many home builders. the government says in august americans purchased new homes at a seasonally adjusted rate of 373,000. that was down slightly from july, but up nearly 28% from august of last year. subkowiak thinks many buyers were hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are doing spec homes, so lot prices have gone up significantly in the last ten months. >> reporter: new home prices are also rising. the commerce department said last month alone they were up more th
Sep 24, 2012 7:00pm PDT
bushels to 200 bushels per acre. still manager steve dennis expects his business will take a hit this year. >> we're not drying near as much, there's not as much merchandising opportunity. everything that we do to make money is about half what it would be in a normal year. >> reporter: at this point it's hard to say what the final tally will be. the government won't determine how much farmers like neubaurer produced this year until after the first of next year. diane eastabrook, "n.b.r.," mclean county, illinois. >> tom: a warning late today from caterpillar, the company sees the global economy limping along for a couple pore years so the maker of construction, mining and agriculture equipment cut its 2015 financial outlook late today pointing to the sluggish economy around the world. michael sutherlin certainly knows a thing or two, he competes against caterpillar as the c.e.o. of mining equipment manufacturing joy global. he joins us from the expo international in las vegas. mr. sutherlin, any update on your financial outlook? >> well, i think in our third-quarter earnings release we hav
Search Results 0 to 8 of about 9 (some duplicates have been removed)